This very nice three bedroom single family home is located on a nice street in
Corlett and is just 1.2 miles to John Adams College, one of the leading schools in
The property consists of three spacious bedrooms, two bathrooms, a large lounge
diner, a full basement and a large rear garden. The property already has tenants
in place paying $800 in rent each month.
The property is under management by a great local Cleveland property
Corlett is viewed as a very central location in Cleveland Ohio, it is just 7.7 miles
from Downtown and 5.3 miles from University Circle. Also just 1.4 miles away you
have Lee Harvard shopping centre. The property is also just 1.2 miles to John
Adams College, one of the best schools in Cleveland..
Purchase price: 47,900
Gross annual rental income: $9,600
Property running costs: $2,240
(Tax, insurance and management costs)
Net annual rental income: $7,360
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 16%Break even in 6.25 Years